Concord Landscaping plants grass seed as the basic landscaping for business campuses. During a recent month, the company worked on three projects (Remington, Chang, and Wyco). The company is interested in controlling the materials costs, namely the grass seed, for these plantings projects. In order to provide management with useful cost control information, the company uses standard costs and prepares monthly variance reports. Analysis reveals that the purchasing agent mistakenly purchased poor-quality seed for the Remington project. The Chang project, however, received higher-than-standard-quality seed that was on sale. The Wyco project received standard-quality seed. However, the price had increased and a new employee was used to spread the seed. Shown below are quantity and cost data for each project.

		Actual					Standard
Project		Quantity			Costs		Quantity			Costs		Total Variance
Remington		520	lbs.		$1,248		400	lbs.		$1,040			$208	U
Chang		400			920		410			1,066			146	F
Wyco		550			1,485		480			1,248			237	U
Total variance													$299	U

Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.)

CONCORD LANDSCAPING Variance Report Purchasing Department For the Current Month
Project		Actual Pounds Purchased		Actual Price Per Pound		Standard Price Per Pound		Price Variance			Explanation
Remington				$		$		$	UnfavorableFavorableNeither favorable nor unfavorable		Purchased poor-quality seeds
Chang									Neither favorable nor unfavorableFavorableUnfavorable		Seeds on sale
Wyco									UnfavorableNeither favorable nor unfavorableFavorable		Price increased
Total price variance								$	Neither favorable nor unfavorableUnfavorableFavorable

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Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.)

CONCORD LANDSCAPING Variance Report Production Department For the Current Month
Project		Actual Pounds		Standard Pounds		Standard Price Per Pound		Quantity Variance			Explanation
Remington						$		$	Neither favorable nor unfavorableUnfavorableFavorable		Purchased poor-quality seeds
Chang									FavorableUnfavorableNeither favorable nor unfavorable		Purchased higher-quality seeds
Wyco									UnfavorableNeither favorable nor unfavorableFavorable		New employee
Total quantity variance								$	UnfavorableNeither favorable nor unfavorableFavorable